AGP Executive Report
Last update: 7 hours agoGhana Gold Takeover: Ghana will buy 30% of large-scale gold output from July 1 via the Gold Board, requiring local doré sales at a 0.55% discount to support refinery LBMA accreditation. Cobalt Refining Push: Electra Battery Materials is building North America’s first battery-grade cobalt refinery near Cobalt, Ontario, targeting 6,500 tonnes annually by end-2027. Indonesia Decarbonization: MIND ID says it aims to cut emissions 15.5% by 2030 while downstreaming boosts energy demand. Mining Finance in South Africa: Tharisa secured a N$750m Nedbank revolving facility (expandable to N$1.25bn) to fund underground development. Iron Range Jobs: Mesabi Metallics starts a major hiring push for Minnesota’s new iron ore mine and pellet plant ahead of Q3 commercial operations. Safety Tech Spotlight: Anglo American’s Aquila mine earned safety innovation nominations for its mini face bolter and Armadillo excavation system. Regulatory/Conflict Minerals: US sanctions target a Rwandan refinery and firms over alleged DRC-linked gold smuggling. Community Pressure: Eastern Equatoria’s governor ordered a temporary suspension of mining at Nakere after unrest and complaints over environmental harm and benefits. Market Signals: Gold and silver both rose in June 26 trading, while mining producer prices in Jamaica increased in May.
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